- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Igor Rapokhin
- Olga Sterina
- Research Team
- Rodion Lomivorotov
Debt Markets Today - October 26, 2021. MMK, Petropavlovsk, DME Airport Results; Kazakhstan Rate Hike
CIS EUROBOND MARKETRussian sovereigns did not see any movements yesterday.GOVERNMENT DEBTThe sharp growth in OFZ yields continued yesterday as many nonresident positions saw stop losses triggered, while ruble swap rates climbed further. Scooping up what was being sold were mainly locals. The up to 5y segment saw yields rise 18-25 bps, while longer-dated paper climbed 15-20 bps in yield. Some short-dated OFZ issues saw yields rise to the 8.10-8.15% area, a level last seen in late 2018. Over the last two days, the spreads of 10y OFZs to EM peers have climbed 25-50 bps. OFZ trading volumes on the Moscow Exchange totaled R65 bln yesterday, which is well above the average daily volume over the last month.STORIES> MMK reports 3Q21 IFRS results> Petropavlovsk posts 3Q21 operating results> DME Airport reports 1H21 financial results> NBK hikes rate by 25 bps to 9.75%; more likely to follow this year
Magnitogorskiy Metallurgicheskiy Kombinat PAO, formerly Magnitogorskiy metallurgicheskiy kombinat OAO, is a Russia-based company, active in the steel industry. Its main products are sinter, coke, iron, crude steel, rolled products and ore materials. The Company offers a wide range of products such as wire rod, rebars, square bars, strips, round bars, among others. It is also involved in the coal ore mining, processing of ore materials, sale of ferrous metal products and others. Magnitogorskiy metallurgicheskiy kombinat OAO operates as a supplier for such industries as: pipelines, vehicles, railway, construction and shipbuilding, among others. Its subsidiaries include Lys'venskaya Metallurgicheskaya Kompaniya OOO, among others. The Company operates domestically, as well as exports its products to the Commonwealth of Independent States (CIS) countries, Asia, the Middle East and Europe.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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